Report Snapshot | Minimal changes from February

Corn and soybean ending stocks were unchanged from February, while wheat ending stocks increased more than expected.

USDA
USDA World Agriculture Supply & Demand Estimates
(USDA)

U.S. Carryover
Corn – billion bushels
2023-24
2024-25
USDA
1.763
1,540
Average est.
NA
1.516
USDA February
1.763
1.540
Soybeans – million bushels
2023-24
2024-25
USDA
342
380
Average est.
NA
379
USDA February
342
380
Wheat – million bushels
2023-24
2024-25
USDA
696
819
Average est.
NA
797
USDA February
696
794
Cotton – million bales
2023-24
2024-25
USDA
3.15
4.90
Average est.
NA
4.93
USDA February
3.15
4.90

Global Carryover
Corn – MMT
2023-24
2024-25
USDA
313.95
288.94
Average est.
NA
289.93
USDA February
315.81
290.31
Soybeans – MMT
2023-24
2024-25
USDA
112.55
121.41
Average est.
NA
124.56
USDA February
112.49
124.34
Wheat – MMT
2023-24
2024-25
USDA
269.50
260.08
Average est.
NA
257.62
USDA February
267.49
257.56
Cotton – million bales
2023-24
2024-25
USDA
73.71
78.33
Average est.
NA
78.60
USDA February
73.71
78.41